COLA
Not just retirees who are impacted by Social Security changes
Although the yearly announcement from Social Security on the upcoming changes is aimed at retirees, those still working need to be aware of those changes as well. Why? Maurie Backman explains the two new rules for 2025 that could affect…
Prices might be rising faster than the Social Security COLA
In 2025, the Social Security cost-of-living adjustment was 2.5 percent; however, the cost of living is still high. On a national average, a single person would need $2,099 per month without a mortgage to cover housing, food, transportation, health care,…
The 2025 COLA’s Here, But There’s Continued Disappointment
An uptick in the inflation rate since the determination of 2025’s Social Security cost-of-living adjustment (COLA) indicates that the 2.5% benefit increase may have underestimated the growth in prices facing Americans last year. The Motley Fool’s Trevor Jennewine offers conjecture…
2025 Brings With it Several Key Changes
By now, everyone receiving Social Security retirement-related benefits is likely aware of the 2.5% increase scheduled for January 2925. That’s a welcome adjustment for millions of folks, despite the general criticisms about its inadequacy to cope in full with rising…
Social Security in 2025
The only thing constant is change, and that holds for Social Security. In Social Security’s almost 90-year history (August 14, 1935), many things have changed, and next year will be no different. Starting in January, there will be five changes…
Social Security changes that could affect your wallet.
When the Social Security Administration announced on October 10th that the cost-of-living adjustment (COLA) was to be 2.5 percent for 2025, unless you were already taking your Social Security benefits, you may have skipped over that news. However, along with…
COLA and Your Retirement Plan
James Brumley for The Motley Fool explains the Cost of Living Adjustment. Since it does not keep pace with inflation there are other actions that can be taken to increase your retirement income picture. Taking any small steps is worth…
Do you know about these changes?
The Social Security program changes every year, and 2025 will be no different. Since Social Security benefits are the largest source of income for many seniors, it is important to be aware of these changes. Trevor Jennewine reports on the…
Is COLA keeping up with inflation?
Social Security recipients will receive a 2.5 percent cost-of-living adjustment (COLA) in January 2025. However, Kevin Thomson, CEO of 9i Capital Group, said: “The COLA increase is not substantial enough to outpace the growing costs faced by Social Security beneficiaries.”…
Medicare Part B costs have outpaced COLA for years
Data shows that Medicare Part B premiums have been rising faster than COLA for years, which is why many seniors are struggling to make ends meet. Mary Johnson, Social Security and Medicare policy analyst, her analysis shows that “From 2005…